Market Overview
The Global Passenger Transport Ship Market valued at USD 17,600 million in 2022 is anticipated to reach a value of USD 30,100 million in 2033, rowing at a CAGR of 3.4%.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 17,600 Million |
Market Forecast in 2033 | USD 30,100 Million |
CAGR % 2023-2033 | 3.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product Size, end-user industry, company share, company heatmap, company Material Application Size capacity, growth factors and more |
Segments Covered | Ship Type, Size, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Hyundai Heavy Industries (HHI), Samsung Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industry. Ltd., Hyundai Samho Heavy Industries, Hanjin Heavy Industries, Chantiers de l'Atlantique, China State Shipbuilding Corporation, Oshima Shipbuilding Co. Ltd., and STX Shipbuilding. |
Passenger Transport Ship Market: Description
A passenger ship is a merchant ship whose main job is to transport people across the ocean. The category excludes cargo ships with a small number of passenger spaces, such as the ubiquitous 12-passenger freighters that were once widespread on the seas and whose primary purpose is to convey cargo. However, the type does encompass a variety of ship classes built to carry both large amounts of freight and passengers. In fact, up until quite recently, almost all ocean liners were capable of carrying cargo in addition to passenger luggage, including mail, packages, freight, and express. They were also outfitted with cargo holds, derricks, kingposts, and other cargo-handling equipment.
The expansion of this sector is due to both an increase of travellers and rising disposable income levels worldwide. The demand from emerging economies like China and India, where there are fewer conventional modes of transportation available, will increase, as well as the increased use of high-speed passenger ships for transportation purposes and the growing need for entertainment facilities on board these vessels.
Passenger transportation services include organising theme parties, adventure tours, and other activities as well as moving people from one place to another. The market is expanding as a result of a number of causes, including rising disposable income, the developing travel and tourism sector, government efforts, and others.
The cruise has a sizable market share and will keep growing in popularity in the years to come everywhere in the world. The amenities and packages that cruise ships offer to entice potential consumers and benefit market players over the long haul are credited with the increase. The rise of the segment over the predicted period is driven by cruise ships' provision of a range of recreational activities, theme-based events, and other activities.
Passenger Transport Ship Market- Segmental Analysis:
Ship Type Insights
The cruise segment holds the largest market share, and is expected to grow to more in the upcoming years.
Size Insights
Large ships segment hold the largest market share among others, and is projected to grow further in the coming years.
Application Insights
Adventure segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2023-2033.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are Hyundai Heavy Industries (HHI), Samsung Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industry. Ltd., Hyundai Samho Heavy Industries, Hanjin Heavy Industries, Chantiers de l'Atlantique, China State Shipbuilding Corporation, Oshima Shipbuilding Co. Ltd., and STX Shipbuilding.
Global Passenger Transport Ship Market- Segmental Analysis
By ship type
· Cruise ships
· Ferries
· Ocean liners
By size
· Large ships
· Mid-sized ships
· Small-mid ships
· Small ships
By application
· Adventure
· Events
· Travel
· Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Passenger Transport Ship Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both Application Sizeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Application Sizeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Passenger Transport Ship Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Application Sizeion Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
1. Global Passenger Transport Ship Market Introduction and Market
Overview
1.1.
Objectives of the Study
1.2.
Global Passenger Transport Ship
Market Scope and Market Estimation
1.2.1.Global Passenger
Transport Ship Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market
CAGR (%), Market forecast (2023 - 2030)
1.2.2.Global Passenger
Transport Ship Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2030
1.3.
Market Segmentation
1.3.1.Ship
Type of Global Passenger Transport Ship Market
1.3.2.Size of
Global Passenger Transport Ship Market
1.3.3.Application
of Global Passenger Transport Ship Market
1.3.4.Region
of Global Passenger Transport Ship Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Passenger Transport
Ship Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Passenger Transport Ship Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem
Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4. Global Passenger Transport
Ship Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Passenger Transport Ship Market
3.8. Impact of Economic
Downturn on Passenger Transport Ship Market
3.9. Passenger Transport Ship Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Passenger Transport
Ship Market Estimates & Forecast Trend Analysis, by Ship Type
4.1.
Global Passenger Transport Ship
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Ship
Type, 2019 to 2030
4.1.1.Cruise
ships
4.1.2.Ferries
4.1.3.Ocean
liners
5. Global Passenger Transport
Ship Market Estimates & Forecast Trend Analysis, by Size
5.1.
Global Passenger Transport Ship
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Size,
2019 to 2030
5.1.1.Large
ships
5.1.2.Mid-sized
ships
5.1.3.Small-mid
ships
5.1.4.Small
ships
6. Global Passenger Transport
Ship Market Estimates & Forecast Trend Analysis, by Application
6.1.
Global Passenger Transport Ship
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Application,
2019 to 2030
6.1.1.Adventure
6.1.2.Events
6.1.3.Travel
6.1.4.Others
7. Global Passenger Transport
Ship Market Estimates & Forecast Trend Analysis, by Region
7.1.
Global Passenger Transport Ship
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region,
2019 to 2030
7.1.1.North
America
7.1.2.Europe
7.1.3.Asia
Pacific
7.1.4.Middle East & Africa
7.1.5.South
America
8. North America Passenger Transport Ship Market: Estimates & Forecast Trend Analysis
8.1. North America Passenger Transport Ship Market Assessments & Key
Findings
8.1.1.Passenger
Transport Ship Market Introduction
8.1.2.Passenger
Transport Ship Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2030)
8.1.2.1.
By Ship Type
8.1.2.2.
By Size
8.1.2.3.
By Application
8.1.2.4.
By Country
8.1.2.4.1.
The U.S.
8.1.2.4.2.
Canada
8.1.2.4.3.
Mexico
9. Europe Passenger Transport Ship Market: Estimates & Forecast Trend Analysis
9.1.
Europe Passenger Transport Ship
Market Assessments & Key Findings
9.1.1.Passenger
Transport Ship Market Introduction
9.1.2.Passenger
Transport Ship Market Size Estimates and Forecast (US$ Million & Units) (2019
– 2030)
9.1.2.1.
By Ship Type
9.1.2.2.
By Size
9.1.2.3.
By Application
9.1.2.4.
By Country
9.1.2.4.1.
Italy
9.1.2.4.2.
Germany
9.1.2.4.3.
U.K.
9.1.2.4.4.
France
9.1.2.4.5.
Spain
9.1.2.4.6.
Rest of Europe
10. Asia Pacific Passenger Transport Ship Market: Estimates & Forecast Trend Analysis
10.1. Asia Pacific Market Assessments & Key Findings
10.1.1.
Passenger Transport Ship Market
Introduction
10.1.2.
Passenger Transport Ship Market
Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)
10.1.2.1.
By Ship Type
10.1.2.2.
By Size
10.1.2.3.
By Application
10.1.2.4.
By Country
10.1.2.4.1. China
10.1.2.4.2. Japan
10.1.2.4.3. India
10.1.2.4.4. Australia
10.1.2.4.5. South Korea
10.1.2.4.6. ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Passenger Transport Ship Market: Estimates & Forecast Trend Analysis
11.1. Middle East & Africa Market Assessments & Key Findings
11.1.1.
Passenger Transport Ship Market
Introduction
11.1.2.
Passenger Transport Ship Market
Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)
11.1.2.1.
By Ship Type
11.1.2.2.
By Size
11.1.2.3.
By Application
11.1.2.4.
By Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America Passenger Transport Ship Market: Estimates & Forecast Trend Analysis
12.1. South America Market Assessments & Key Findings
12.1.1.
Passenger Transport Ship Market
Introduction
12.1.2.
Passenger Transport Ship Market
Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)
12.1.2.1.
By Ship Type
12.1.2.2.
By Size
12.1.2.3.
By Application
12.1.2.4.
By Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13.
Competition Landscape
13.1. Passenger Transport Ship Market Competition Matrix & Benchmarking,
by Leading Players / Innovators / Emerging Players / New Entrants
13.2. Passenger Transport Ship Market Competition White Space Analysis, By
End-user
13.3. Passenger Transport Ship Market Competition Regional Intensity Map
Analysis, By Geographies Served
13.4. Passenger Transport Ship Market Concentration & Company Market
Shares (%) Analysis, 2022
14.
Company Profiles
14.1.Hyundai Heavy Industries (HHI)
14.1.1.
Company Overview & Key
Stats
14.1.2.
Financial Performance &
KPIs
14.1.3.
Product Portfolio
14.1.4.
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned below
14.2.Samsung Heavy Industries,
14.3.Daewoo Shipbuilding,
14.4.Mitsubishi Heavy Industry. Ltd.,
14.5. Hyundai Samho Heavy Industries,
14.6.Hanjin Heavy Industries,
14.7.Chantiers de l'Atlantique,
14.8.China State Shipbuilding Corporation,
14.9.Oshima Shipbuilding Co. Ltd.,
14.10.
STX
Shipbuilding.
14.11.
Others**
15.
Research Methodology
15.1.
External Power
Outputs / Databases
15.2.
Internal
Proprietary Database
15.3.
Primary
Research
15.4.
Secondary
Research
15.5.
Assumptions
15.6.
Limitations
15.7.
Report
FAQs
16.
Research Findings & Conclusion
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
The Global Passenger Transport Ship Market valued at USD 17,600 million in 2022 is anticipated to reach a value of USD 30,100 million in 2033, rowing at a CAGR of 3.4%.
The cruise has a sizable market share and will keep growing in popularity in the years to come everywhere in the world. The amenities and packages that cruise ships offer to entice potential consumers and benefit market players over the long haul are credited with the increase.
Some of the major players operating within the market are Hyundai Heavy Industries (HHI), Samsung Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industry. Ltd., Hyundai Samho Heavy Industries, Hanjin Heavy Industries, Chantiers de l'Atlantique, China State Shipbuilding Corporation, Oshima Shipbuilding Co. Ltd., and STX Shipbuilding.
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America.
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